Business
Mitra Innovation announces USD-pegged Sri Lankan salaries to support the financial wellness of employees
Mitra Innovation, which celebrates its 10th year in business this year, rolled out a USD pegged salary scheme as one of its key financial wellness initiatives for all employees in Sri Lanka at the start of 2022, the company announced.
The Company attributes its tremendous growth to its market differentiated services and strong focus on its people – a value that the company has continued to foster since its inception in March 2012. The decision to implement a USD pegged salary scheme comes from an understanding that employers need to find creative ways to ensure the financial wellness of their teams. In an ideal situation with a good economy, employers need happy, healthy and skilled employees, while employees expect great opportunities, career growth and a good source of income. However, when faced with an economic crisis, it is critical to explore different and innovative ways to uphold employee wellness.
“At the start of this year, upon careful consideration, the Board of Mitra Innovation made a swift decision to peg all salaries to the USD effective Q1 2022.” stated Chinthi Weerasinghe, Chief Executive Officer, Mitra Innovation.
Furthermore, the Global Leadership Team stated that this decision was taken in the best interests of their employees in Sri Lanka, considering how best to help the existing team, given the current economic environment in the country.
“With this rollout, all employees of Mitra Innovation SL will receive a remuneration package that proportionally increases in value as the USD appreciates against the Sri Lankan Rupee.” added Sanjeev Palihawadana, Chief Operating Officer at Mitra Innovation.
Research shows that financial wellness programs can increase employee satisfaction and help reduce employee stress. While the company’s ‘hyper growth’ provides its employees with great opportunities, lowered financial stress is key to retaining employees and to reduce brain drain, especially during trying economic times.
Mitra Innovation, which grew its top line and bottom line exponentially in FY2021, increased its global headcount from 180 to 300 during the same period, with most of the additions being recorded in Sri Lanka, where its main software development centre is located.
As the company continues with industry leading growth this year and expands its global presence, the number of opportunities it creates for overseas employment will also increase exponentially. In keeping with the People First mantra in the company, Mitra prefers to give opportunities to its team members first, before looking for external options, through the ‘Grow With Us’ initiative.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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